Daily Management Review
Business & Finance

New Shipping Giant Launched by China to Battle Downturn

A challenge was launched to global shippers AP Moller Maersk and Mitsui OSK Lines by China on Thursday. However analysts feel that in order to weather one of the industry's worst-ever slumps, the giant company must slim down its workforce and order book.   China Cosco Shipping Corporation...

Qatar, China in $6.4 Billion Battle for Australian Freight Giant: Reuters

A fresh $6.4 billion bid for Australian port and rail firm Asciano is being planned by Canada's Brookfield Asset Management with assistance from Qatar's sovereign fund, Reuters reported citing sources. This development has increased the global battle that has been going on for some time now for the...

What Is Happening With Hi-Tech IPO Market?

US high-tech sector is no longer entering the market. There have been no IPO in January, which was a kind of anti-record in recent years. Last time, only 2011 passed without tech IPO in the beginning of the year. This data are given by Renaissance Capital, a management company, engaged in just...

LED Strategy of Osram Cause of Clash between Company CEO and Siemens

The controversial strategy of expanding in the general LED lighting market by the chief executive of German lighting group Osram led to the chief executive running up against the company's biggest shareholder Siemens on Tuesday.   The announcement in November of an investment of a...

Security Services Company ADT is to be Bought by Apollo Global for $7 Billion

In a deal that values the home-security company ADT Corp. at about $6.93 billion, private-equity firm Apollo Global Management LLC is to buy the company.   The deal was not affected despite the latest signmarket volatility.   Representing a 56% premium over Friday’s closing price...

Iran Remains a Major Roadblock to Agreed Freeze on Oil Output between Saudis and Russia

Bringing in some relief to the world markets, top oil exporters Russia and Saudi Arabia agreed on a deal to put a freeze on the levels of output. However the deal is still dicey as it was contingent on other producers joining in – especially Iran, which was absent from the talks. Iran, recently...

Indian e-Commerce Startup Snapdeal Raise $200 mn while its Valuation Jumps Nearly $2 billion in 7 months

Indian online retailer Snapdeal has raised another $200 million or Rs 1,367.6 crore, just seven months after it raised $500 million even as signs emerge of a drying up of funds for Indian startups.   Media reports say that the organizations that invested this time in the Indian company...

Scared by Crisis, HSBC Refused to Move to Hong Kong

After 10 months of heated debate, HSBC's board of directors unanimously decided to keep its headquarters in London. Earlier, Britain's largest bank seriously thought about moving to Hong Kong. After the global crisis of 2008-2009, the reputation of London as a global financial center was severely...

$4.4 Billion Share Buyback Announced by SoftBank

In what is the biggest repurchase ever, Japan’s SoftBank Group Corp. announced it would buy back up to ¥500 billion ($4.4 billion) of shares on Monday. This move helped to bolster a share price beaten down by worries about U.S. mobile subsidiary Sprint Corp.   14.2% of the Japanese...

Shell Seals $53 Billion BG Deal and Announces Pursuing of Transition Plan

Even as slumping oil prices cast a shadow on the upcoming years of transition, Royal Dutch Shell sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group. The new company thus formed becomes the world's top liquefied natural gas company.   Shell Chief Executive Ben...
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